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TriMas Corp (TRS) News Hub provides investors and industry professionals with comprehensive updates on this diversified manufacturer of engineered solutions. Track official announcements across packaging, aerospace, and specialty product segments, including earnings reports, strategic acquisitions, and operational developments.
This resource consolidates TriMas' latest financial disclosures, product innovations, and market expansion efforts. Users will find press releases detailing advancements in closure systems, aerospace fasteners, and industrial sealing technologies – all critical to understanding the company's multi-segment growth strategy.
Key updates include quarterly financial performance, leadership changes, sustainability initiatives, and patent filings. The curated news flow helps stakeholders monitor TriMas' execution of its capital allocation framework and responses to evolving industrial demands.
Bookmark this page for streamlined access to TRS corporate communications. Combine these updates with SEC filings and industry analysis for informed decision-making regarding this global engineered products provider.
TriMas (NASDAQ: TRS) has announced a quarterly cash dividend of $0.04 per share, payable on May 13, 2025, to shareholders of record as of May 6, 2025.
The company operates through three main segments: TriMas Packaging, TriMas Aerospace, and Specialty Products, serving consumer products, aerospace, and industrial markets. With approximately 3,900 employees across 13 countries, TriMas provides innovative product solutions through its market-leading businesses.
TriMas (NASDAQ: TRS) has scheduled its first quarter 2025 earnings conference call for Tuesday, April 29, 2025, at 10 a.m. Eastern Time. The company will release its Q1 2025 earnings results at 8 a.m. on the same day.
The conference call will be accessible via phone and simultaneous webcast on the company's website with an accompanying slide presentation. A replay will be available from April 29 at 3 p.m. through May 13 at 3 p.m. Eastern Time.
TriMas operates through three main segments: TriMas Packaging, TriMas Aerospace, and Specialty Products. The company employs approximately 3,900 people across 13 countries, serving consumer products, aerospace, and industrial markets.
TriMas (NASDAQ: TRS) announced that CFO Scott Mell will depart the company on March 20, 2025. The company has appointed Teresa Finley, a current board member since 2020, as interim CFO and Treasurer. Finley brings over 34 years of financial expertise, including roles as Chief Marketing and Business Services Officer at UPS and CFO for multiple global businesses.
Finley will step down from her positions as Chair of the Board's Compensation Committee and member of the Audit Committee. She currently serves on the Union Pacific Railroad Board and previously worked as a Senior Advisor at Boston Consulting Group from 2019 to 2021.
TriMas, headquartered in Bloomfield Hills, Michigan, reaffirmed its full-year guidance and reported a solid start to the year. The company manufactures products for consumer products, aerospace, and industrial markets through its TriMas Packaging, TriMas Aerospace, and Specialty Products groups, employing approximately 3,900 people across 13 countries.
TriMas Packaging (NASDAQ: TRS) has received the prestigious Gold Supplier Award from Grupo Boticário, a leading multinational beauty company in Brazil, at their 28th Annual Supplier Conference. This upgrade from last year's Silver Award recognizes TriMas's excellence in innovation, sustainability, quality, customer service, technical support, and on-time delivery.
The company has been expanding its presence in South America's beauty packaging market, supplying high-quality dispensing and fragrance pumps. TriMas Packaging operates through its brands Rieke®, Affaba & Ferrari™, Rapak®, Taplast™, Plastic Srl, and Aarts Packaging, serving various markets including beauty, food, pharmaceutical, and industrial sectors with 2,200 employees across 26 locations worldwide.
TriMas (NASDAQ: TRS) reported its Q4 and full year 2024 results, with quarterly net sales of $228.1 million, up 8.8% year-over-year. The company achieved significant growth in its Aerospace segment (+22.3%) and Packaging segment (+8.4%) during Q4.
Q4 2024 adjusted net income increased 10.8% to $17.5 million, with adjusted EPS of $0.43, up 13.2%. Full year 2024 sales reached $925.0 million, a 3.5% increase, while adjusted net income was $67.7 million with adjusted EPS of $1.65.
The company maintained strong financial position with $23.1 million cash on hand and $239.8 million in available credit. During 2024, TriMas repurchased 771,067 shares for $19.3 million and paid quarterly dividends. For 2025, TriMas expects 4-6% sales growth and adjusted EPS of $1.70-$1.85.
TriMas Aerospace (NASDAQ: TRS) has secured a significant multi-year global contract with Airbus, expanding its existing contract scope across all fastener business units. The agreement covers multiple Airbus civil and military platforms, including the A320, A350, and A220.
The contract encompasses next-generation fastening solutions and newly qualified products designed for robotic assembly processes. Manufacturing will take place in TriMas' facilities in Commerce and City of Industry, California, and Ottawa, Kansas.
The expanded partnership strengthens TriMas Aerospace's position in the global Airbus supply chain, with the company continuing to invest in state-of-the-art manufacturing equipment and advanced processes to enhance capabilities in aerospace fastening technology.
TriMas (NASDAQ: TRS) has announced a quarterly cash dividend of $0.04 per share of TriMas stock.
The dividend is payable on March 7, 2025, to shareholders of record as of the close of business on February 28, 2025.
TriMas manufactures a diverse set of products for the consumer products, aerospace, and industrial markets through its TriMas Packaging, TriMas Aerospace, and Specialty Products groups. The company employs approximately 3,400 people across 13 countries and operates under a unified set of values and strategic priorities known as the TriMas Business Model.
For more information, please visit www.trimas.com.
TriMas (NASDAQ: TRS) has completed the acquisition of GMT Aerospace, a German-based manufacturer of tie-rods and rubber-metal anti-vibration systems for commercial and military aerospace applications. GMT Aerospace, which generated approximately €22 million in revenue in fiscal year 2024, will be integrated into the TriMas Aerospace group.
The acquisition strengthens TriMas Aerospace's manufacturing presence in Europe and enhances its relationships with key European aerospace and defense Tier 1 suppliers and OEMs. GMT Aerospace, established in 2006, serves OEMs, Tier 1 suppliers, and MRO providers with highly-engineered products and advanced design capabilities.
TriMas (NASDAQ: TRS) has appointed Shawn Sedaghat as a new independent director, effective February 10, 2025. Sedaghat, who brings over four decades of global business experience in the packaging industry, will serve as a Class III director and join the Governance and Nominating Committee. This appointment expands the TriMas Board to nine directors, with eight being independent.
The appointment follows TriMas' proactive approach to board refreshment, including the recent appointment of Herbert K. Parker as independent Chairman in 2024. Sedaghat's extensive background includes founding SEDA Specialty Packaging Corp., serving as CEO of PKG Group, , and founding Gotha Cosmetics S.R.L. He currently serves as Chairman of Trend International Holding AG.
TriMas, headquartered in Bloomfield Hills, Michigan, manufactures products for consumer products, aerospace, and industrial markets through its TriMas Packaging, TriMas Aerospace, and Specialty Products groups, employing approximately 3,400 people across 13 countries.
TriMas (NASDAQ: TRS) has announced ongoing strategic actions to streamline and optimize its business portfolio to enhance shareholder value. The company recently completed the sale of its Arrow Engine business on January 31, 2025, marking its exit from the oil and gas market. TriMas has engaged PJT Partners and Bank of America as financial advisors to assess additional portfolio optimization options.
The company's Board of Directors and management team have been actively engaging with shareholders over the past year to gather perspectives on portfolio streamlining, continuous improvement, and capital return strategies. TriMas operates through three main segments: TriMas Packaging, TriMas Aerospace, and Specialty Products, employing approximately 3,400 people across 13 countries.
